Zimmer Biomet (NYSE:ZBH)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued on Friday.
A number of other analysts also recently issued reports on ZBH. Zacks Investment Research raised Zimmer Biomet from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $136.00 target price on shares of Zimmer Biomet in a research report on Monday, October 2nd. Piper Jaffray Companies downgraded Zimmer Biomet from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 2nd. BMO Capital Markets decreased their target price on Zimmer Biomet from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Finally, Morgan Stanley reduced their price target on Zimmer Biomet from $146.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Zimmer Biomet presently has a consensus rating of “Buy” and a consensus price target of $137.42.
Shares of Zimmer Biomet (NYSE ZBH) opened at $125.98 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.47 and a quick ratio of 0.78. Zimmer Biomet has a 52-week low of $103.62 and a 52-week high of $133.49. The stock has a market capitalization of $25,256.49, a price-to-earnings ratio of 39.62, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.
Zimmer Biomet (NYSE:ZBH) last released its earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.02). Zimmer Biomet had a return on equity of 16.29% and a net margin of 8.36%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the business earned $1.79 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts predict that Zimmer Biomet will post 8.03 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of ZBH. Longview Partners Guernsey LTD boosted its stake in Zimmer Biomet by 17.7% during the third quarter. Longview Partners Guernsey LTD now owns 7,506,684 shares of the medical equipment provider’s stock valued at $878,958,000 after buying an additional 1,128,973 shares during the period. Koch Industries Inc. boosted its stake in Zimmer Biomet by 49,697.3% during the second quarter. Koch Industries Inc. now owns 1,040,764 shares of the medical equipment provider’s stock valued at $1,033,000 after buying an additional 1,038,674 shares during the period. Alyeska Investment Group L.P. boosted its stake in Zimmer Biomet by 249.3% during the third quarter. Alyeska Investment Group L.P. now owns 1,019,872 shares of the medical equipment provider’s stock valued at $119,417,000 after buying an additional 727,925 shares during the period. BlackRock Inc. lifted its stake in Zimmer Biomet by 4.1% during the second quarter. BlackRock Inc. now owns 17,419,463 shares of the medical equipment provider’s stock worth $2,236,657,000 after purchasing an additional 679,080 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Zimmer Biomet by 20.2% during the second quarter. Northern Trust Corp now owns 4,010,274 shares of the medical equipment provider’s stock worth $514,919,000 after purchasing an additional 673,079 shares during the last quarter. 85.92% of the stock is owned by institutional investors.
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About Zimmer Biomet
Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.
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